China’s Monumental Debt Trap—-Why It Will Rock The Global Economy

Bloomberg News finally did something useful this morning by publishing some startling graphs from McKinsey’s latest update on the worldwide debt tsunami. If you don’t mind a tad of rounding, the planetary debt total now stands at $200 trillion compared to world GDP of just $70 trillion. Source: McKinsey The implied 2.9X global leverage ratio is daunting in […]

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